Ophthalmic Lasers Market Market:

Global Ophthalmic Lasers Market was valued at $1,111 million in 2016, and is projected to reach $1,516 million by 2023, registering a CAGR of 4.5% from 2017 to 2023. A laser is a light emitting device that works on the principle of optical amplification based on stimulated emission of electromagnetic radiation. The application of lasers in the area of ophthalmology is increasing rapidly for treatment of ocular diseases.

The photocoagulation market is expected to generate maximum revenue for the global ophthalmic lasers market. This is attributed to use in the treatment of macular edema, proliferative retinopathy, and others, which is increasingly prevalent across geographies.

Snapshot of LAMEA Ophthalmic Lasers Market

Key vendors focus on the emerging markets, namely, Asia-Pacific and LAMEA. Brazil offers lucrative opportunities in LAMEA ophthalmic lasers market, owing to increase in number of ocular diseases in this country and other parts of the region, which is further expected to boost the Brazil ophthalmic lasers market during the forecast period.

Request for Table of Content

The global ophthalmic lasers market is expected to witness significant growth in the near future, owing to the high prevalence of various eye-related diseases, such as cataract, glaucoma, age-related macular generation, and diabetic retinopathy. Photocoagulation lasers segment is expected to account for the major share in the market throughout the forecast period, owing to their high adoption in diverse applications. Asia-Pacific and LAMEA are expected to offer lucrative opportunities to market players in the near future as Brazil, India, China, and few others show high prevalence of diverse ocular medical conditions.

The factors that boost the growth of the global ophthalmic lasers market are rise in prevalence of eye-related diseases globally, advancements in laser technology in ophthalmology, and increase in lifestyle changes that hamper the eye sight. However, stringent regulations for approval of ophthalmic lasers are expected to hinder the market growth during the forecast period.

At present, the hospitals segment dominates the global ophthalmic lasers market, since these end users are equipped with high-end laser technologies that are required for the treatment of various eye-related diseases. It is expected that the ambulatory service centers experience a rapid growth during the forecast period.